The VAT and customs laws in Europe have changed drastically in 2021. Brexit and a new EU VAT package have created complexities that could strangle the traditional e-commerce dropshipping model. Import VAT, customs duties and customs declarations are eroding sellers’ margins and creating problems with fulfilment. Can the new Import One Stop Shop (IOSS) help? […]
Vatglobal’s OSS solution is a simple and cost effective way to take advantage of the new e-commerce One Stop Shop. The OSS simplifies compliance E-commerce has for some time presented something of a VAT compliance headache. Online sellers need to carefully monitor distance selling thresholds. Often, they must register for VAT in several countries. It’s […]
Businesses that are not established in the EU do not have an automatic requirement to appoint an intermediary to use the One Stop Shop (OSS). That stands in contrast to the import scheme – the Import One Stop Shop (IOSS) – for which non-EU businesses must appoint an intermediary. However, according to EU guidance, individual […]
You can only register for the One Stop Shop (OSS) in one EU member country. When you submit your OSS return, that country shares the data with the relevant other member states. Here’s where you need to register your business. EU-established businesses If your business is established in the EU, you are required to register […]
The e-commerce One Stop Shop (OSS) is a simplified system for accounting for VAT on the distance sale of goods and to customers in the EU. Once registered for the OSS, businesses need to file a single OSS VAT return accounting for their e-commerce sales throughout the EU. The OSS will be a welcome innovation […]
If you sell in the EU via an online platform like Amazon or eBay, you may not need to register for the One Stop Shop (OSS) directly. In certain instances, online platforms are responsible for managing the VAT on sales they facilitate. Put more simply, sometimes, when goods are sold through an online marketplace (OMP) […]
We recently looked at the benefits of using the new e-commerce One Stop Shop. Businesses that sell to customers in Europe will, in many cases, greatly simplify their VAT compliance by using the OSS. However, the OSS is not obligatory. In some instances, the OSS will not be relevant to your business. And, in other […]
Does the One Stop Shop (OSS) apply to me? We’re hearing this question a lot, for good reason. The OSS has far-reaching VAT implications for e-commerce sellers in Europe. Here’s a brief overview to help you understand how the OSS affects your business. When does the OSS apply to me? If you sell goods online […]
Suppose you need to get your goods from Country A to Country B but you also want to ensure you find a VAT and shipping solution to do so. Your primary concerns will naturally be shipping customs, and VAT compliance. Perhaps the shipping process will be complex, involving a combination of air, sea and road […]
Recovering import VAT is an important way to reduce the costs of trade. Generally speaking, import VAT must be paid at the point of entry. Importers are entitled to reclaim this VAT at a later stage. However, not all traders effectively recover their import VAT. Despite being the clear and obvious benefit of claiming back […]